engineering recuitment HPCL Engineer Mock Test 2024 Industrial Engineering Operations Research Project Management
Consider the following statements regarding different stages of the project life cycle:
1. In conception phase, technical parameters are frozen and basic designing is completed and specifications for equipment are finalized.
2. In execution phase the intensity of activities reaches to peak.
3. The cost of changes is minimum in the commissioning phase.
4. During conception phase, there is maximum potential to add value.
Which of the above statements are correct?
1
1 and 3 only
2
1 and 4 only
3
2 and 4 only
4
2, 3 and 4 only